Aging in place is defined as the ability to live in one’s own home and community safely, independently, and comfortably, regardless of age, income, or ability level. Aging in place currently makes up about 10% of the home improvement industry, and is expected to grow significantly during the next decade. Learn more about aging in place from the below infographic.
Definition of Aging in Place
“The ability to live in one’s own home and community safely, independently, and comfortably, regardless of age, income, or ability level.”
Aging in Place Statistics
As of 2014, there are over 56 million people in the US over the age of 65. By 2030 this number will climb to 111 million.
90% of seniors want to stay in their own home as they age.
The NAHB reports that the aging in place market represents 10 percent of the $214 billion home improvement industry.
705 of seniors have made modifications to their home for safety reasons.
A private nursing facility costs $81,000 on average. Homemaker and adult care services cost just $20,000.
Many businesses will typically see a 27% increase in their revenue by offering aging in place services.
Scioto Properties takes pride in our employees’ special certifications that allow us to meet the unique needs of the older population.